2100NEWS WEEKLY CRYPTO REPORT Apr-10

The NWST1100 index rose 7.95% last week; Plasma (XPL), a large-cap Coin, has made the most significant leap in rank within the NWSL100 crypto index on a biweekly basis.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on the Theory Swingtum of intelligent finance. We gauge the crypto market’s breadth and direction by showing the 2100NEWS Digital Assets Total Index (NWST1100), which measures the performance of 1100 (by market capitalization) significant crypto assets. The information-dense chart is initially complex to read, but it clearly displays essential price information, key decision-making levels, momentum, trading volumes, and crypto market breadth. Monitoring Market Sentiment and Breadth is necessary to detect early signs of trend reversals or continued strength.

Our detailed analysis of the NWST1100 chart and related market indicators reveals essential insights into the current market conditions:

The NWST1100 index rose 7.95% over the past week, but more important than the magnitude of the move is its quality. The market has transitioned from a fragile repair phase into the early stage of a new upward impulse. Following the late-March capitulation and subsequent stabilization, price action has evolved into a more constructive structure, defined by higher lows, sustained buying on pullbacks, and a successful reclaim of the Pivot (P) zone (~4,600–4,650). Unlike the prior phase—where rebounds repeatedly failed—the market is now demonstrating improving acceptance at higher levels, indicating that demand is becoming more persistent and organized. However, the structure remains incomplete: price is still below the upper boundary (~4,800–4,900), and the market has yet to deliver a confirmed breakout with follow-through.

1.  Market sentiment: Momentum indicators provide a clear, decisive signal; momentum has shifted from a transition phase to a supportive tailwind. PPO lines have crossed above zero and are trending higher, reinforcing the transition into a developing impulse structure. At the same time, the PPO histogram rose and crossed above the zero line on April 7, completing the negative cycle and initiating the positive half of the momentum cycle. It has expanded in positive territory, indicating active momentum acceleration, not just stabilization. The RSI has reclaimed the neutral zone, readings around 54,  indicating a market that has moved out of bearish pressure and into early expansion territory.
2. Attention has also shifted toward breadth metrics at the bottom of the NWST1100 chart. Market breadth indicators have confirmed that this is not a superficial move but a structurally supported shift, fundamentally different from prior rebounds that lacked participation and quickly failed. The Advance-Decline Volume Line (ADVPL) — 2100News’s proprietary adaptation of the AD Line for the crypto market — has been rising steadily since April 2, signaling consistent capital inflows. The McClellan Summation Index, a long-term breadth indicator, has transitioned into a clear uptrend, confirming that participation is expanding across the market.
3. A50R Participation: According to the chart on the right, across all major segments (NWST1100, NWSET100, NWSL100, NWSCo100), A50R readings highlight

   that participation remains low in absolute terms but directionally important. A50R ended the week roughly in the 19%–30% range. Coins represented by NWSCo100 were the weakest segment. The market has been in a typical early-cycle pattern, with Breadth expansion from a low base (current phase), but has not yet reached a fully mature trend phase.

*This breadth indicator is essential in measuring the internal strength or weakness of the underlying index. Looking at the chart on the right side, we can see the A50R lines for four different categories of digital assets:

1. The top box shows the A50R lines for 100 Large-cap members of NWSL100.
2. The middle box displays the A50R lines for 1100 members of NWST1100, which is the Total Index that measures the performance of significant crypto assets by market capitalization.
3. The third box shows the A50R lines for 100 Ethereum Tokens members of NWSET100.
4. The bottom box represents the A50R lines for NWSCo100’s 100 Coins members.

📉 Summary

The market momentum has already transitioned into the positive phase following the April 7 zero-line cross, while breadth confirms sustained capital inflows and expanding participation. The market has moved from repair into early impulse formation, with improving structure but still pending confirmation at higher resistance.

Outlook for the Week Ahead

This section provides a probabilistic assessment of the cryptocurrency market’s short-term trajectory. While markets remain inherently unpredictable, cyclical patterns in price behavior and momentum often reveal recurring structures that help identify the next likely phase of development.

1. From a structural perspective, the market has already transitioned into the positive half of the momentum cycle. Price is no longer in a repair or testing phase but is instead entering early expansion, with improving acceptance above the Pivot zone (~4,600–4,650). Under normal conditions, this setup favors continuation higher rather than renewed downside probing.
2. The RSI (Relative Strength Index) stood at 54 last week, confirming this shift, reflecting a market that has moved out of compression and into early expansion territory, with room for further upside before reaching overbought conditions.
3. The PPO histogram, which measures the rate of change (i.e., the first derivative) of PPO lines, has crossed above the zero line and is now operating in the upper half-cycle. Historically, this phase does not stall immediately after the cross but tends to extend, reflecting ongoing momentum build-up. This implies that the current move is more likely to continue developing rather than revert to a corrective sequence. In parallel, PPO lines are turning higher and are expected to accelerate, reinforcing the transition into a sustained upward phase.

4. The Breadth indicators at the bottom of the first chart (NWST1100) may continue rising, significantly increasing the likelihood that the current move will extend rather than fade. The Advance-Decline Volume Line (ADVL), adapted by 2100News for the crypto market as ADVPL, tracks the net money volume of advancing versus declining digital assets. It may continue to rise, confirming that capital is entering the market. The McClellan Summation Index, a long-term measure of market breadth, may rise, suggesting that participation is expanding.

5. Importantly, this is a headline-sensitive environment. While the market has partially absorbed geopolitical risks (including developments related to Iran), any unexpected escalation or shift in the narrative could act as a catalyst for a sharp reaction.

📌 Target and Scenario Considerations:

📍 Key Levels to Watch:

• Support: 4,650 (Pivot P)

• Resistance: 4,800 (0.236 Fibonacci retracement), 5,300 (Pivot R2)

Investors and traders often rely on historical performance data to make informed decisions about their cryptocurrency holdings. After analyzing the table data, it is evident that the weekly rise was broad-based, with blue chips, large caps, and the total market all participating; the overall index rose by 7.95% over the last week. The accompanying chart highlights the performance of key cryptocurrencies, including Bitcoin and Ether, alongside the 2100NEWS Indices, which track Ethereum-based tokens (NWSET100), large caps (NWSL100), and coins (NWSCo100). Among these, Ether was the strongest performer, up about 6.32% over the past thirty days.

While the broader market has risen, different segments and individual cryptocurrencies exhibit different performance dynamics.

Performance Trends by Market Segment:

✔ Bitcoin, Ether, NWS30, and  NWSBE led the market,

✔ NWSL100 (Large Caps), NWSCo100 (Coins), and NWSET100 (Ethereum-based tokens) lagged.

Investors and traders may use this information to adjust their portfolios, shifting focus toward assets with stronger relative momentum while remaining cautious about those in the Weakening quadrant.

*RRG® charts show the relative strength and momentum of groups of digital assets. Those with strong relative strength and momentum appear in the green Leading quadrant. As relative momentum fades, they typically move into the yellow Weakening quadrant. If relative strength then fades, they move into the red Lagging quadrant. Finally, when momentum picks up again, they shift into the blue Improving quadrant.

Crypto (Digital Assets) compared with global equity

This report offers a comprehensive analysis comparing the performance of digital assets, as represented by the NWST1100 index, with that of shares on global capital markets, as measured by the Dow Jones Global W1Dow index. We draw insights into historical achievements and potential future trends by examining their performances across various time frames.

Let’s break down the key observations and implications:

• Historical Performance Comparison:
  • 53 Months Ago: Digital assets vastly outperformed global equities in global capital markets, reaching a record high in the comparative quotient between the NWST1100 and W1Dow indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
  • Over the past twelve months, digital assets have underperformed equities by 31.3%.
• Mean Reversion Opportunity:
  • The average quotient price, represented by a blue dashed curve, has been 7.74 over the past 143 working days, while the current spot ratio is 6.17. This is lower than the long-term mean of 9.34, which has increased since October two years ago.
  • The mean reversion theory suggests that asset prices tend to revert to their historical average returns over time. The current NWST1100-to-DJW price ratio, which is below the long-run mean, may indicate that digital assets are undervalued relative to historical trends.
• Returns Comparison (12-month Accumulation Method) & Strategic Investment Timing:
  • The chart also presents the returns achieved by the simplified index-based accumulation approach—buying one index point per day over 12 months—to simulate a mechanical build-up of exposure. While this method is not equivalent to classical dollar-cost averaging (which involves investing a fixed amount of capital daily), it provides a consistent benchmark for comparing historical costs and returns. The NWST1100 Crypto Index has dropped by 9.87% over the past twelve months. With daily index investments, an investor’s stock price would have resulted in a 28.3% loss from the current index price, due to unprofitable purchases at high entry prices during a prolonged market uptrend, when prices remained above the 143-day moving average for an extended period.
  • The DJW, a broad-based global equity index, rose 33.08% over the past 12 months. However, a daily purchase strategy would have resulted in an 8.1% gain.

• Conclusion:
  

  The recent recovery highlights a fundamental truth in crypto investing: market swings define opportunity. Historically, digital assets have significantly outperformed global equities, but their returns often occur in concentrated bursts following periods of pessimism and capitulation. Prices have fallen below the 143-day EMA, positioning the market at a technically and psychologically critical juncture. Looking ahead, sentiment-driven capitulations often create conditions for stronger rebounds, especially when paired with structural oversold signals. While caution remains warranted in the short term, current price levels could present compelling opportunities for disciplined investors preparing for the next leg in crypto’s broader market cycle.

*The box in the middle of the chart shows the original NWST1100 price; at the bottom is W1Dow. 

Indices Revision 4-10-2026

Following the latest biweekly revision, Plasma improved its ranking and was added to the NWSL100 index. On the other hand, Stabe was removed from the NWSL100 index. Meanwhile, several adjustments were made to the mid-cap index (NWSM200), with new projects introduced and weaker ones removed, reflecting the ongoing dynamism of that segment. The new mid-cap assets, including edgeX, PRIME, and ETHGas, have been added to the NWSM200 index. Each index’s presentation provides more details on additions and deletions across the broader 2100NEWS index family.

Winning member

Congratulations to Plasma (XPL)on achieving a significant milestone: being recognized as the winning member of the NWSL100 crypto index, marking a crucial leap in the ranking of index constituents.

*We elect the member of the NWSL100 crypto index with the most significant jump in our ranking. We will examine how the market assesses the project’s progress in the event of price changes. It seems important to us whether the project is out of the ordinary tide of crypto project prices. Peer comparisons should be efficient and effective, from an investor’s perspective. 

Plasma (XPL) https://www.plasma.to/

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 17.6 (Average for Large-caps: 17.1)

Over the past week, the average market capitalization was $217.3 million, and the average daily trading volume was $97.8 million.

Plasma is a high-performance layer-1 blockchain, purpose-built for stablecoins. Stablecoins have become one of crypto’s dominant use cases, with over $275 billion in supply and trillions in monthly volume. Plasma is purpose-built to meet their demands with zero-fee USD₮ transfers, custom gas tokens, support for confidential payments, and the throughput to scale globally.